Question 1

One decisive case in the legal transition away from the reasonable-person standard in matters of advertising,sales and marketing was FTC v.Standard Education.

Accepted Answer

A) True 
 B)False

Question 2

In 1972 Congress created one of the most important agencies for regulating product safety.This agency is the

Accepted Answer

A)  Securities and Exchange Commission.
B)  Federal Drug Administration Agency.
C)  Fair Packaging and Labeling Commission.
D)  Consumer Product Safety Commission.

Question 3

The consumer's main source of product information is

Accepted Answer

A)  testimonials of other customers.
B)  billboards.
C)  word of mouth.
D)  the label and package.

Question 4

Which statement is accurate in its description of consumer protection?

Accepted Answer

A)  The Consumer Product Safety Commission has the power to order recalls,public warnings,and refunds.
B)  Statistics show that,in fact,safety regulations rarely succeed in increasing safety.
C)  Critics exaggerate the cost of safety regulations and product recalls.
D)  Safety regulations permit people to choose to save money by purchasing riskier (but less expensive) products.

Question 5

Before the case of MacPherson v.Buick Motor Car in 1916,the law based a manufacturer's liability for injuries due to a defective product on

Accepted Answer

A)  the principle of strict liability.
B)  the contractual relationship between the producer and the consumer.
C)  the principle of the reasonable person.
D)  whether or not the manufacturer exercised due care.

Exam 6: Consumers

In 1972 Congress created one of the most important agencies for regulating product safety.This agency is the

Correct Answer
verified

The consumer's main source of product information is

Correct Answer
verified

Which statement is accurate in its description of consumer protection?

Correct Answer
verified

Before the case of MacPherson v.Buick Motor Car in 1916,the law based a manufacturer's liability for injuries due to a defective product on

Correct Answer
verified

One decisive case in the legal transition away from the reasonable-person standard in matters of advertising,sales and marketing was FTC v.Standard Education.

Correct Answer
verified

Exam 6: Consumers

In 1972 Congress created one of the most important agencies for regulating product safety.This agency is the

Correct AnswerverifiedShow Answer

The consumer's main source of product information is

Correct AnswerverifiedShow Answer

Which statement is accurate in its description of consumer protection?

Correct AnswerverifiedShow Answer

Before the case of MacPherson v.Buick Motor Car in 1916,the law based a manufacturer's liability for injuries due to a defective product on

Correct AnswerverifiedShow Answer

One decisive case in the legal transition away from the reasonable-person standard in matters of advertising,sales and marketing was FTC v.Standard Education.

Correct AnswerverifiedShow Answer

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified

Correct Answer
verified